VOL. 123 | NO. 250 | Tuesday, December 23, 2008
• Mill Services to lose 18
Memphis businesses and institutions are continuing to shed jobs, with 200 job cuts on the way at the University of Tennessee Health Science Center and 18 jobs cuts at Memphis Mill Services.
Now that Republican lawmakers have grilled several applicants for Tennessee’s state constitutional offices of treasurer, comptroller and secretary of state, legislators are encouraging the public to provide feedback about the candidates and the process.
Editor’s Note: On Oct. 9, 2009, it was announced that Roxane Bischofberger and Luminetx Corp. settled their dispute amicably on terms agreeable to both sides, and all claims and counterclaims have been dismissed. The litigation was resolved pursuant to a confidential settlement.
A familiar theme in the commercial real estate market continued in November as a couple of high-dollar transactions kept the month out of the doldrums. Not surprisingly, though, those numbers didn’t do much to salvage an otherwise dismal year.
Troy Keeping is doing something right at Southland Park Gaming & Racing, or maybe he’s just “lucky that way,” as a company slogan says.
With a record amount of commercial real-estate debt coming due, some of the country's biggest property developers have become the latest to go hat-in-hand to the government for assistance.
WASHINGTON (AP) – Think you could borrow money from a bank without saying what you were going to do with it? Well, apparently when banks borrow from you, they don’t feel the same need to say how the money will be spent.
Banks that have their hands out in Washington this year were handing out multimillion-dollar rewards to their executives last year.
CHICAGO (AP) – The deals were there and, by most accounts, so were the shoppers. But at the close of the final holiday shopping weekend, consumers confessed they were still nervous about buying.
20 acres in Collierville
Sale Amount: $1.8 Million
Sale Date: Dec. 11, 2008 -
Central Church Inc. has bought a 20.9-acre parcel of vacant land directly behind its 2005 Winchester Blvd. location in Collierville for $1.8 million from the Marion L. Waldrup Sr. Revocable Living Trust, Frederick T. Stukenborg, Trustee.
NEW YORK (AP) - A bankruptcy judge Monday approved the sale of Lehman Brothers Holdings Inc.'s prized investment management unit to a group of managers and employees.
NAGOYA, Japan (AP) - Toyota Motor Corp. said Monday it will report the first operating loss in 70 years, acknowledging that after a decade of rapid growth it can no longer escape the slowdown plaguing the global auto industry.
CHARLOTTE, N.C. (AP) - American International Group Inc. said Monday that it will sell its Hartford Steam Boiler unit to German reinsurer Munich Re for $742 million as the embattled New York-based insurer divests itself of units to pay back a U.S. government bailout loan.